New stock news | Hainan Drinda New Energy Technology (002865.SZ) holds a hearing at the Hong Kong Stock Exchange, with a global market share of 17.9% in photovoltaic cells.

According to the disclosure by the Hong Kong Stock Exchange on April 21, Hainan Drinda New Energy Technology Co., Ltd. (hereinafter referred to as Hainan Drinda New Energy Technology) (002865.SZ) has conducted a listing hearing on the Hong Kong Stock Exchange Main Board, with Huatai International, CMB International, and Deutsche Bank as its joint sponsors. The prospectus shows that Hainan Drinda New Energy Technology is a leading professional photovoltaic cell manufacturer, focusing on the research and development, production, and sales of high-efficiency photovoltaic cells. With research and development innovation and key technology, the company has maintained a competitive position in different mainstream photovoltaic cells such as N-type TOPCon cells and P-type PERC cells. According to data from Frost & Sullivan, based on the shipment volume in 2024, the company's global market share of N-type TOPCon cells among professional manufacturers is approximately 24.7%, ranking first, and the company's global market share of photovoltaic cells is approximately 17.9%, ranking second. In the same year, based on the shipment volume in 2024, the company's market share of N-type TOPCon cells among professional and integrated manufacturers is approximately 7.5%, and the market share of photovoltaic cells is approximately 5.6%. In the performance record period, the company mainly offers three key products: 210-NN type TOPCon monocrystalline cells. Launched in 2023, this model of cell has 18 busbars on both sides, with a thickness of 130m13m. Its size is 210mm*210mm0.5mm. Its front efficiency is 26.0%, and bifaciality is 80%. 182/183-NN type TOPCon monocrystalline cells. Launched in 2022, with 16 busbars on both sides, a thickness of 130m13m, and size of 182mm*182mm0.5mm. Its front efficiency is 26.0%, and bifaciality is 80%. In addition, another version was launched in 2024, with a size of 182.2mm*183.75mm0.5mm, and similar performance. 182-PP type PERC monocrystalline cells. Launched in 2021, with 10 busbars on both sides, a thickness of 170m17m. The size is 182mm*182mm0.5mm, with front efficiency of 23.8% and bifaciality of 70%. Financially, in 2022, 2023, and 2024, Hainan Drinda New Energy Technology had revenues of approximately 11.086 billion yuan, 18.611 billion yuan, and 9.924 billion yuan respectively. During the same period, net profits were approximately 0.821 billion yuan, 0.816 billion yuan, and -0.591 billion yuan respectively.